The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-08-24
Closing Dali About Midway Bstwssn Hghss!
aad L,vast Figures.
No Special Features We're Developed in the
Railroad Bond Market.
Local Markets-Wheat Quiet at Well
Maintained: Prices-Corn Firm Oats
Fairly Active.

NEW YORK, August 22.-Money on call at
La6 per cent; closed offered at &C. Prime mer-
camille paper 61zg9s. Sterling exchange duh
and unchanged.
The total sales of stocks today were 266,925
shares.
There was more activity displayed in the
stock market this forenoon tnan has been for
some time past, but the increased business was
due entirely to the operations of the bears aud
was done at the expense of quotations. The
selling was very heavy with no vim whatever
in the buying until late in the day when the
sellers of the morning to a large extent covered
their short.. All the unf4vorable news items
such as the small east-bound tonnage, the re-
ported cutting of grain rates and the new ru-
mors of cut in cable rates were freely used
against the the market and to these
we're added vague reports of an
impending stock failure which did great deal
to aid TO the uneasy feeling in The purely local
nature of the market. There was also reports
of new bear combination at Newport The
hammering began at the opening ana all weak
spots made the moss of, some stop orders being
uncovered. Upon the statement of the selling
pressure, the covering began and the recovery
was quite sharp toward the close: The Nor h.
ern Pacifes were again a spe sially weak spot,
burthe shares were heavy sufferers in the de-
cline. New England, however, became speeiL-
ly prominent in the recovery. The opening
was quiet, but weak al declines ex .ending to Il
per cent from Saturdays final figures. Further
declines were established from the opening
with Reading, New England and Western Union
mast prominent. The market soon bec'me
more active but quieted down when the rally
came which, however, was for small fractions.
Pacific Mail and Union Pacific then became
leaders in the downward movement which
gathered force after noon. The lowest
figures were touched before l p. m when
Missouri Pacific showed unusual strength. The
improvement continued until the close, which
was dull about midway between the highest
and lowest fig Tres. The active list Is invariably
lower, and Canada Southern, Hooking Coal,
Northern Pacific preferred aud Union Pacific
are each down "a per cent, Reading and Lake
Shore 1 per cent, and the others fractional
amounts.
Railroad bonds were dull to-day, but were
lower, in sympathy with stocks. There was no
special feature in the market, and although the
list is almost invariably lower, important
changes are few in number. The total sales for
the day we're only 100000, but there was no
special activity IN any one issue.
Government bonds were held dull and heavy,
State bonds were dull and featureless.
Eastern Exchanges.
NEW YORK. Aug. 22-Clearingy: Exchanges
$50 4eS, 234; balances s., S51 &c.
BOSTON. Aug. 22-ClearinRs: Exchanges
were Se,599,2l5; balances Sl,243,l62 Money 6
per cent; exchange on New York 17920c dis
BALTIMORE, Aug 22-Bank clearings to-day
g., sos, 736 and balances S274,SS5.
PBILA DELPHIA, Aug. 2-Bank clearings
8, 037 233 and balances 81, 7,097.
ST. LOUIS. Aug. 22.-The bank elearings to-
day were sos 523; balances, 1891, 707. Exchange
on New York IS Genus discount
CHICAGO, August 22.-Bauk clesrings to-day
were SO 7l1,00O II Was dlfficult early in the Gay
to find market on New York Exchange. but
the probabilities are that 60 cents discount
would come IS near to ii as any figure. Money
rates are quoted Gas per cent, the rate varying
as to conditions of time and security.
Bar Silver.
NEW YORK, Aug. 22.-Bar silver 961<.